July 12 (Reuters) - Velan
* Tom velan, chairman of board and chief executive officer
announced his plan to retire from his ceo position
* Velan inc says yves leduc, who is currently president of
company, will become president and ceo
* Tom velan will continue to be chairman of board
Source text for Eikon: ID:nMKWSj14pa
Further company coverage: VLN.TO
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